After 2 months of Middle East War and followed by ceasefire, market recovered and maintaining between 23900 t0 nifty 24400. Situation is not fully restored as deal is not finalized and Hormuz is in closed condition. Crude oil price is hovering above 90$. This may lead to an economic paralysis for many countries.
Hence be cautious and buy on dip below 23000 if it falls and near to three week low 22200 and other support levels shown below), Sell if stocks already in good profits.
Q4 results are out and the performance is only average. IT stocks posted muted results and IT index have fallen.
Nifty bank is at 55311 , currently 50000-52000 level support can be seen and can be bought if falls again.
Nifty IT from 29394 . As of now 28000 level is good support level.
Nifty Pharma from 24110 increased 10% when compared to other index
Nifty Midcap select and nifty small cap 250 also provided decent results from the dip to till date.
The support and Resistances posted on 15-Mar-26 is still intact. It was a buying opportunity at 22200 for Long Term as mentioned in the report. Nifty Supported effective at 22340/22000 Mid Term Support Currently near at 23925 (short term resistance 24000) Above 24000 decisively, the Mid resistance at 25000-25500 ( Multiple Resistance)
Crude price (brent) skyrocketed from 70 usd & touched 120 usd and reduced to 84 usd. gold reduced to 4100 Usd / Ounce ( from 5100 usd /ounce two weeks before) and reversed to 4837 usd / ounce currently
Bitcoin is increased to 75000 level from Mar 1st - 65700 level .
15-Mar-2026 Report buy on dips and it still continues:
Assuming all time high of 26380 is target from current 23151 (14%) If it drops to 22500, from there it will be (17% up) which can be achieved in 12-15 months, once war issue is resolved. Hence accumulate slowly on dips.
Nifty Short Term Supports : 23000 -22840- ( Fib support)-22500
Short Term Resistance Ist Resistnace at 24900 , IInd Resistance at 25500) , should cross decisively 24350-24400
Med Term support 22340 ( Fib Support) 22000
Med Term Resistance (Trend Line as shown) 26000 26372 All time High)
Long Term Resistance shall cross all time high 26372 decisively. next target are 27000 28000
Long Term Support 21750 (Fib Support) 21450 21000 Worst Case 20000
Some stocks to watchout for given on 8-mar-26 still continues and many stocks have raised so far. HDFC Bank icici bank TCS( IT stocks strictly on dips) Infosys tata steel Bajaj fin(for large cap and stability) Muthoot finance south Indian bank union bank coforge Persistent system, Waaree Energies ( gave good q4 result), CPCL , BPCL, (strictly on dips as crude is high and govt subsidy increased) NMDC ( already price increased), Apar,(already increased) Sharda Crop, apl apollo tubes,bank of mah( already price increased) & lupin. Watchout to buy only if nifty dips to 23000
Hence be cautious and buy on dip below 23000 if it falls and near to three week low 22200 and other support levels shown below), Sell if stocks already in good profits.
Q4 results are out and the performance is only average. IT stocks posted muted results and IT index have fallen.
Nifty bank is at 55311 , currently 50000-52000 level support can be seen and can be bought if falls again.
Nifty IT from 29394 . As of now 28000 level is good support level.
Nifty Pharma from 24110 increased 10% when compared to other index
Nifty Midcap select and nifty small cap 250 also provided decent results from the dip to till date.
The support and Resistances posted on 15-Mar-26 is still intact. It was a buying opportunity at 22200 for Long Term as mentioned in the report. Nifty Supported effective at 22340/22000 Mid Term Support Currently near at 23925 (short term resistance 24000) Above 24000 decisively, the Mid resistance at 25000-25500 ( Multiple Resistance)
Crude price (brent) skyrocketed from 70 usd & touched 120 usd and reduced to 84 usd. gold reduced to 4100 Usd / Ounce ( from 5100 usd /ounce two weeks before) and reversed to 4837 usd / ounce currently
Bitcoin is increased to 75000 level from Mar 1st - 65700 level .
15-Mar-2026 Report buy on dips and it still continues:
Assuming all time high of 26380 is target from current 23151 (14%) If it drops to 22500, from there it will be (17% up) which can be achieved in 12-15 months, once war issue is resolved. Hence accumulate slowly on dips.
Nifty Short Term Supports : 23000 -22840- ( Fib support)-22500
Short Term Resistance Ist Resistnace at 24900 , IInd Resistance at 25500) , should cross decisively 24350-24400
Med Term support 22340 ( Fib Support) 22000
Med Term Resistance (Trend Line as shown) 26000 26372 All time High)
Long Term Resistance shall cross all time high 26372 decisively. next target are 27000 28000
Long Term Support 21750 (Fib Support) 21450 21000 Worst Case 20000
Some stocks to watchout for given on 8-mar-26 still continues and many stocks have raised so far. HDFC Bank icici bank TCS( IT stocks strictly on dips) Infosys tata steel Bajaj fin(for large cap and stability) Muthoot finance south Indian bank union bank coforge Persistent system, Waaree Energies ( gave good q4 result), CPCL , BPCL, (strictly on dips as crude is high and govt subsidy increased) NMDC ( already price increased), Apar,(already increased) Sharda Crop, apl apollo tubes,bank of mah( already price increased) & lupin. Watchout to buy only if nifty dips to 23000
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.